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Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
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Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
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Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
Shares of chicken restaurant chain El Pollo Loco traded down 21 percent on Friday as the company reported disappointing same-store sales and provided a weak outlook.
El Pollo Loco is one of many recent initial public offering high fliers down significantly this year, with returns ranging from negative 20 to 50 percent.
Also, the Renaissance Capital IPO index, which tracks the performance of companies that went public in the last two years and counts stocks such as Twitter, Alibaba and Hilton among its top holdings, is about to turn negative year to date.
One savior for these struggling new companies could be a takeover after zulily, an online retailer which went public in late 2013, was acquired by John Malone's Liberty Interactive on Monday for $2.4 billion.
But zulily, whose shares lost nearly half their value this year before the takeover, may be the exception to the rule as most investors believe the trend will be lower for these broken IPOs.